William Sullivan Rate Quotations

If we do see additional absorption of spare labor market capacity, that could mean more rate hikes through the summer.

I get the impression he is building the market up to expect a rate hike at the June Federal Open Market Committee meeting.

If the unemployment rate is weak, look for the Fed to cut interest rates by a full 50 basis points (half a percentage point).

To have this quick of a reaction in terms of rate cuts, ... suggests that the Fed was seeing crunch-like conditions.

There's no doubt the market is on the defensive and is preparing for what appears to be inevitable. A rate hike at the August policy meeting later this month.

There's no doubt that this rate cut and interest rate decline provides liquidity,

The bottom line message is that the labor market activity remains robust, and that's not the environment that would suggest a need for a Fed rate cut.

There were questions developing in the market late last week regarding the tenor of Greenspan's speech ... (and) it seems as if the potential that there won't be a rate cut is weighing negatively on the Treasury market.